The Manufacture of Weapons and Ammunition sector in Sweden experienced fluctuating turnover from 2013 to 2023, with notable growth observed since 2019. In 2023, the sector's turnover stood at 16.83 Billion SEK, marking a significant increase over previous years. The growth rate was robust with a CAGR of 27.67% over the last five years. Significant year-on-year increases were observed starting from 2019, despite minor declines in earlier years.
Looking forward, forecast data suggest continued growth with an average annual increase of 6.81% over the next five years, leading to a total anticipated growth of 38.99% by 2028. Key future trends include potential impacts of geopolitical tensions and increased defense spending, as well as advancements in technology and innovation within the sector.
